Hanwha Ocean has held a naming ceremony for its high specification ultra-deepwater drillship Tidal Action, signaling its official entry into the deepwater drilling industry.The Tidal Action is built on Hanwha Ocean’s proprietary design and is capable of drilling at depths of up to 12 kilometers in waters as deep as 3.6 kilometers.The drillship is also equipped with a dynamic positioning system for a stable station keeping and ready to accommodate 20…
Ocean Winds, a 50-50 joint venture by EDP Renewables and ENGIE, has selected P&Q to construct an onshore substation for its 500 MW BC-Wind offshore wind farm in Poland.The contract includes the design, construction, installation and commissioning of an onshore power station…
CorPower Ocean has secured financial backing from Vinnova, Sweden’s national innovation agency, for a project exploring the adoption of artificial intelligence (AI) for improved performance and control in wave energy technology.The WACE project…
Ocean Installer, a subsidiary of Moreld, has executed an 18-month option, extending the charter-party with ship owner North Sea Shipping for the advanced multi-purpose offshore construction vessel North Sea Giant.The charter has been extended…
Next Ocean, a Dutch developer of Vessel Motion Radar systems for offshore wind and oil and gas industries, has secured seed investment from Arches Capital to drive its business expansion.This funding will accelerate Next Ocean’s growth, enabling the company to scale production…
Huisman has been awarded a contract from Penta-Ocean Construction to deliver a 5,000 mt Tub Mounted Crane along with a monopile handling system, including a motion compensated pile gripper, for a new heavy lift vessel designed for Japanese offshore wind market…
American Bureau of Shipping (ABS) has awarded Hanwha Ocean an Approval in Principle (AIP) for its Pre-FEED standard FPSO design intended to create an asset optimized for deployment in the deep waters of West Africa.The FPSO design is 340 meters long and capable of storing approximately 2…
Seatrium and the Technology Centre for Offshore & Marine, Singapore (TCOMS) have agreed to explore cyber-physical modelling capabilities for predicting environmental loads on FPSOs.Following the scaled model testing of the latest series of FPSOs…
Ocean data technology specialist Terradepth has launched a cloud-native geospatial platform for its offshore energy clients, dubbed Absolute Ocean.Purpose-built to host complex maritime data, Absolute Ocean provides web-browser based access to ocean maps…
CorPower Ocean has secured $35 million (€32 million) funding in an investment round set up to support the commercial roll out of its wave energy technology.The Series B1 investment round was led by NordicNinja, the largest Japanese backed VC in Europe…
Offshore drilling contractor Northern Ocean has entered into a letter of intent (LoI) with Kinetic Pressure Control to outfit its two sixth generation semi-sub drilling rigs with new blowout equipment.Northern Ocean plans to install Kinetic’s…
Ocean Power Technologies Signs (OPT) has signed a memorandum of understanding (MoU) with Brazil’s SENAI to advance autonomous ocean developments.OPT and SENAI, short for Serviço Nacional de Aprendizagem Industrial (SENAI Innovation Institute for Virtual Production Systems from Firjan) in Brazil…
Ocean Power Technologies (OPT) has completed more than four months of offshore testing of its next generation PowerBuoy in the Atlantic Ocean off New Jersey.The solar and wind power equipped PowerBuoy also featured OPT’s proprietary artificial intelligence capable Merrows suite of solutions…
Ocean Infinity has received a Statement of Compliance (SOC) from DNV for its remotely supported vessel operations, marking industry's first such achievement.The approval from DNV, the world's leading classification society, establishes Ocean…
Swedish wave energy company CorPower Ocean is nearing completion of planned on-land inspection and upgrades of its first commercial-scale wave energy device, C4, following its first deployment offshore Portugal. The upgrades being implemented…
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